The Citizenship Program provides wealthy non-EU individuals of exemplary reputations the opportunity to obtain Maltese citizenship through a financial contribution and investment in Malta. Citizenship acquired through this program confers lifelong full citizenship rights, which can be inherited by future generations. This visa allows access to all investment opportunities within Malta and across the European Union.
Malta presents two distinct program options:
● Citizenship Program
● Residency Program
Benefits of the Malta Investment Visa Program
Citizenship can be inherited by future generations for a lifetime.
Citizens enjoy the privilege of residing, working, and conducting business throughout the European Union.
They have the opportunity to study at no cost or reduced tuition rates in educational institutions across any EU nation.
Access to a comprehensive and well-regarded healthcare and education system within the EU is provided at no charge.
Citizens can travel visa-free to over 182 countries, including the United States, the United Kingdom, and Canada.
There are no language proficiency requirements.
The program permits dual citizenship.
Malta shows a favorable tax environment for investors.
Malta Individual Investor Program Requirements
The age must be 18 years old.
Individuals seeking to apply must possess a clean criminal record and demonstrate good health.
The application may also encompass the applicant's spouse, dependent children under 18 years of age, unmarried children aged 18 to 26 who are financially reliant on the primary applicant, and dependent parents over 55 years old, contingent upon an additional financial contribution.
Investors are permitted to utilize inherited funds, monetary gifts, or loans from relatives and friends, provided they can verify the legal source of these funds.
Additionally, there is an essential contribution of EUR 28,000 to the Maltese economy upon purchasing the residential property, or EUR 58,000 if opting for a lease.
Furthermore, a contribution of EUR 2,000 to a non-governmental firm is necessary, along with a non-refundable administration fee of EUR 40,000.
Malta Investment Options
Exceptional Direct Investment in Malta
To qualify, individuals must contribute a minimum of €600,000 if they have resided in Malta for over 36 months. For those residing for a period between 12 and 36 months, the required contribution is €750,000. It is crucial to keep in mind that this contribution is non-refundable. Additionally, for each dependent, including a spouse and children, an extra contribution of €50,000 is necessary.
Investment in Property
For Investors, it's obligatory to either buy a domestic property with a minimal value of €700,000 or enter into a rental agreement for a domestic property at a minimal periodic cost of€ 16,000, both of which must be secured through five-time contracts.
Philanthropic Donations
A commitment to contribute at least€ 10,000 to a registered humanitarian, artistic, sports, scientific, beast weal, or cultural non-governmental association or society is also needed.
Investors may utilize inherited funds, monetary gifts, or loans from family and friends, provided they can demonstrate the legal source of these funds.
The Application Process for Malta Investment Visa
The application procedure for the Maltese Golden Visa is a systematic process that necessitates careful preparation and the submission of specific documentation to establish eligibility and financial soundness.
Compilation of Required Documents
Applicants are required to assemble a comprehensive array of documents to substantiate their Golden Visa application. These documents are essential for verifying their identity, financial capacity, and background. Commonly required documents include:
1. Financial Statements
Recent bank statements must be provided to demonstrate consistent financial resources.
2. Identification Documents
This includes a valid passport, birth instrument, and marriage instrument, if applicable.
3. Biometric Information
Passport-sized photographs and fingerprints are required for identification purposes.
4. Criminal Record Clearance
Documentation from the applicant's country of origin, as well as any country where they have resided for over six months, must be submitted to confirm the absence of a criminal record.
5. Health Insurance Coverage
Evidence of comprehensive health insurance that is valid in Malta is mandatory.
Additionally, applicants must prepare a detailed personal statement, often formatted as a cover letter, explaining the purpose of their application and their reasons for selecting Malta as their residence.
Application Submission
After gathering the necessary documentation, the applicant may proceed with the submission of their visa application. The mentioned below are the steps to apply:
Due Diligence Assessment
A comprehensive due diligence evaluation is performed to ensure that the applicant does not present any security, reputational, or financial risks to Malta.
Completion of Application Forms
The aspirant must directly complete the needed forms and attach the applicable attestation.
Fee Payment
Fees for application, processing, and due industriousness must be paid by the conditions of the Golden Visa program.
Issuance of Residency Visa
Upon approval, a residency visa is issued, marking the initial step towards long-term residency and eventual citizenship.
Processing Time
The complete duration from the submission of the citizenship application along with the necessary supporting documents to the receipt of a Maltese passport is estimated to be between 12 and 14 months.
Conclusion
Simplifying the process of olden visas and citizenship by investment programs can be daunting and complicated, irrespective of the specific country or program of interest. If you find it challenging to obtain clear and precise information, you are not alone. Our team is committed to providing you with clarity and trustworthy advice on a diverse array of immigration programs.
By arranging a consultation with GGIMS, you will benefit from personalized guidance that is customized to your individual circumstances. We are devoted to assisting you in comprehending the nuances of different immigration programs, and simplifying the process so that you can move forward with assurance.
